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Deals |
Rodyk acted, advised and assisted nine sellers including two venture capital firms, Sofinnova Partners and Walden International, in a cross border M&A involving the sale of all their shares (preference and ordinary) in Sprice Pte Ltd to Travelport (Bermuda) Ltd. The transaction value is undisclosed.
Travelport is one of the world's leading global distribution system (GDS) providers and the Singapore-based Sprice Pte. Ltd. (with a subsidiary in France) owns and operates hotel and travel search engine Sprice.com (http://www.sprice.com). As a result of the deal, Travelport will significantly expand its hospitality offering by providing Galileo and Worldspan-connected agents with access to Sprice's portfolio of over 240,000 international hotel properties, as well as a comprehensive suite of hotel reviews, merchandising options and comparison tools. Travelport will also utilise Sprice's proven search technology to enhance its GDS channels, enabling the company to deliver and distribute richer, more diverse supplier content to its subscriber customers.
This transaction was led by corporate partner S. Sivanesan assisted by senior associate Sunil Rai.